Domain reseller
The World Wide Web is an ever-expanding platform that generates new ways to earn cash on the Internet. One of these options is to become a domain reseller and sell domain names to end customers, gaining revenue from the difference between the wholesale and the retail price of each domain name. 1000's of domains are registered each day, and there are 1 000 000's of presently functioning domains, so this is a blossoming business niche that you can become a part of.
TLDs and SLDs
A domain contains two components - a top-level domain name (TLD) and a second-level domain name (SLD). If we take domain.com, for example, ".com" is the TLD and "domain" is the Second-Level Domain.
gTLDs and ccTLDs
The TLDs can be generic or country code. The gTLDs comprise the most widespread domain name extensions like .com, .net, .org, .mobi, .info, whereas the country-code TLDs consist of two-letter abbreviations that denote each country. Instances of country-code top-level domain names are .ca, .me, .fr, .es, and so on. Each Top-Level Domain, whether it is a generic top-level domain name or a ccTLD, has a Registry - an institution that is responsible for the registrations and determines the preconditions that each given top-level domain name may entail, like the duration of the registration period or the citizenship of the registrant. A number of Registrar firms operate under the Registry. These are the corporations that actually sell the domain name to customers and handle all domain records.
Gain Revenue From Trading Domains
Many Registrars have reseller programs that permit individuals to gain profit from selling domains to end customers. If you register with such a program, you can set up your own personal online business. Commonly, a domain will be more inexpensive if it is registered via a reseller rather than if it is obtained straight from the Registrar by an end client. The reason is that resellers can reach more individuals in local communities or countries where the Registrar may not be famous whatsoever. This means more sales for the Registrar, so both sides will profit from that. Your revenue will be the difference between the price that the client pays and the one that the Registrar imposes for the domain registration.
Sell TLDs On Behalf Of Your Personal Brand Name
When you sign up for a domain name reseller program, you will get a web space hosting CP where you can set the prices for the specific TLDs that the Registrar offers. Most companies also offer invoice management software and design layouts for your web shop, and the automation of the entire process combined with the large demand for domains make the domain reseller business niche so tempting. You will either obtain a ready-for-use website and avail of the Registrar platform to resell domains, or they will grant you access to their API (Application Programming Interface) so that you can build your very own personal web site and form for placing orders. Usually, you have the option to choose between the two possibilities, so it all depends on how accomplished you are in these matters. As a domain reseller, you will operate on behalf of your own personal trademark name and not under the Registrar's.
Earn Cash From Offering Hosting Plans Too
An appropriate supplement to your domain reseller business would be to sell web hosting accounts too. Thus, you can offer a package deal to individuals who desire to build their web portal and need both a domain name and a hosting account. A few companies supply such options. With 'ResellersPanel', for example, you can run a Virtual Private Server or a dedicated server, and they will also offer you a domain reseller account and free-of-charge invoice software to bill your clients. You can then sell TLDs and shared web hosting packages to customers, and since they offer a lot of different domain extensions, you will be able to offer domain and hosting services to individuals from all around the globe.